Yu Group (YU.)

1,830.00p
   
  • Change Today:
      80.00p
  • 52 Week High: 1,850.00p
  • 52 Week Low: 460.00p
  • Currency: UK Pounds
  • Shares Issued: 16.74m
  • Volume: 186,062
  • Market Cap: £306.36m

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Yu Group soars after FCA scraps investigation

By Sean Farrell

Date: Thursday 16 May 2019

LONDON (ShareCast) - (Sharecast News) - Yu Group shares jumped by two-thirds after the energy supplier said the City regulator had scrapped its investigation into the company.
The Financial Conduct Authority began investigating Yu in December to check whether the company's statements had given an accurate picture of its finances. The FCA's investigation followed Yu's announcement that it had discovered accounting problems that would send it to an annual loss.

Yu shares rose 66.7% to 250p after the company said the FCA had ended its investigation. The company's shares have more than doubled in the past two days. On Wednesday they soared when Yu reported a smaller-than-expected loss and chief executive Bobby Kalar said the board was confident it had the matter in hand.

"The board of Yu Group is pleased to announce that it has received notification from the Financial Conduct Authority informing the company that the FCA has decided to discontinue its investigation and has no present intention to take action against the company."

Yu's board commissioned a forensic review of its systems to discover how accrued income, non-payments by trade debtors and gross margin were misreported.



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Yu Group Market Data

Currency UK Pounds
Share Price 1,830.00p
Change Today 80.00p
% Change 4.57 %
52 Week High 1,850.00p
52 Week Low 460.00p
Volume 186,062
Shares Issued 16.74m
Market Cap £306.36m

Yu Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend Not Available
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Yu Group Dividends

  Latest Previous
  Final Interim
Ex-Div 30-May-24 23-Nov-23
Paid 20-Jun-24 20-Dec-23
Amount 37.00p 3.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 4,506 @ 1,800.00p
09:29 20,167 @ 1,800.00p
15:06 10,000 @ 1,806.00p
09:29 20,167 @ 1,800.00p
10:59 7,505 @ 1,805.00p

Yu Group Key Personnel

CEO Bobby Kalar

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